In this era of economic development in international world, laws relating to the imposition of customs duty and valuation plays a very vital role. Every country in the world has its own custom laws in accordance with the needs of its productivity and growth. Multiple trade agreements are being signed by each country taking into consideration the country’s benefit. Custom laws are one of the major components in the growth of national economy, trade, financial development. The Central Board of Indirect Tax & Customs (CBIC) is the apex body for customs matters. It is a part of the Department of Revenue under the Ministry of Finance, Government of India. It deals with the task of formulation of policy concerning levy and collection of customs duties, prevention of smuggling and evasion of duties and all administrative matters relating to customs formations.
Through the Customs practice at H N A & Co. LLP, we would provide litigation & advisory solutions to clients facing issues in cross border transactions, legal compliances, evaluating multiple scenarios, by avoiding costs & risks. The varied range of services include: